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Fun with NUMBers

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watcher View Drop Down
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    Posted: 23/January/2013 at 7:51pm
CC Treasurer Financial Disclosures Search
Village of Forest Park
FINANCIAL DATA     2012     2011
Gross Operating Budget Revenue:     24,113,113.00     22,029,561.00
Total Debts and Liabilities:     23,025,983.00     23,456,850.00
Total Pension Liability:         ??? 0.00     62,484,903.00
Total Unfunded Pension Liability:     0.00     21,106,077.00
Percent Funded:           66.22%
Total Debt :                    23,025,983.00     85,941,753.00
Annual Rate of Salary Increases:     0.00%     5.00%
Investment Rate of Return:           0.00%     7.50%
Percent Change Over 10-Year Period: 45.3%
2011 Levy - 8,331,122.08
     
2010 8,466,549.16
2009 8,205,787.64
2008 8,635,946.26
2007 8,584,703.07
2006 7,584,285.64
2005 6,624,797.80
2004 6,704,998.02
2003 5,860,781.98
2002 5,735,329.47

Town Proviso
FINANCIAL DATA                        2012                2011
Gross Operating Budget Revenue:     4,140,720.00     4,472,495.00
Total Debts and Liabilities:     3,114,615.00     3,367,771.00
Total Pension Liability:     3,460,185.00     3,490,485.00
Total Unfunded Pension Liability: 406,093.00      305,342.00
Total Debt :                      6,574,800.00     6,858,256.00
Percent Change Over 10-Year Period: 38.4%
2011- 8,262,593.14
2010 8,003,264.48
2009 7,736,522.40
2008 7,618,339.80
2007 7,260,275.77
2006 6,977,142.87
2005 6,663,789.32
2004 6,354,876.15
2003 6,172,179.02
2002 5,970,072.36

If
"It is a wreave belief that we already are in Hell."- Tuluk in Frank Herbert's "Whipping Star"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Just the Facts Quote  Post ReplyReply Direct Link To This Post Posted: 23/January/2013 at 9:36pm
Watcher,

as someone who's stared at more CAFRs then I ever wanted to, gotta say your post needs an Executive Summary, aka "CAFRs For Dummies.".

Point the unwashed masses, like moi, to the key points.

speakin'o'wich-

does Total Debt :                    23,025,983.00     85,941,753.00 refer to the 2011 and 2012 FYs, or the 2012 and 2011 FYs.
 
dahhh... dah-dah-dum!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote piehead Quote  Post ReplyReply Direct Link To This Post Posted: 24/January/2013 at 9:29am
All I know is that I personally paid $1403.06 to support Proviso schools (for 2011)! And $2582.30 for our own District 91! And I do not and never had any kids in Forest Park schools. Damn, that's a chunk of change.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote watcher Quote  Post ReplyReply Direct Link To This Post Posted: 24/January/2013 at 10:01am
You can read the CAFR via the Treasurer's link.

I included the Township numbers because it might indicate that the numbers aren't fully reliable.

If they are accurate, why is Twp. collecting $8.25 million to cover a
$4.2 million operating budget? Where's the other $4 million?

The $85 million debt of VoFP is fuzzy to me too. $23 million bonded indebtedness and $22 million in unfunded pension liability = half the total debt? What is the other $40 million owed? As is, every FoPa resident's share of just the village debt is $6060

The school numbers reside firmly in the surreal.

Overall we're in a hole and still digging.
"It is a wreave belief that we already are in Hell."- Tuluk in Frank Herbert's "Whipping Star"
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